It's no secret that I was tough on Yahoo during the difficult years. Calling attention to management missteps became a blood sport of sorts. I was tough, but I believe, fair. Tonight's earnings topped expectations but disappointed markets. Still, there's a part of Yahoo's report tonight that's deserving of some extra attention.

Yahoo will report its first quarter earnings tonight and as the company's stock teeters anew near a 52-week high, investors have to be wondering whether the time has finally come for this company. Well, kind of.

IBM shares took a hit as soon as its first quarter numbers hit the tape, despite a healthy top and bottomline beat. Those pesky gross margins did the company in, but after a moment or two, cooler heads prevailed, and IBM shares began to recover.

Uncertainty surrounding Goldman Sachs will likely overshadow the positive news from dozens of major corporate earnings reports in the week ahead. Some analysts say the Goldman spacer fraud charges could be the event that will trigger a much anticipated stock market correction.

The NASDAQ Composite and Dow rose for the seventh consecutive week, while the S&P 500 halted its winning streak, posting a weekly loss of 0.19%. US stocks fell during Friday's trading session, following news that the Securities and Exchange Commission charged Goldman Sachs with fraud related to subprime mortgages.

It's the last thing Palm needed to hear: The crown jewel in its family of assets, its WebOS operating system, is fraught with security vulnerabilities, according to mobile security consultancy Intrepidus which will release details of a year-long investigation early next week.

The turnaround may finally have arrived for the video game industry. March sales were up 6 percent compared to the 2009 numbers, marking the only positive growth the industry has seen since September 2009—and just the second month in the last 12 to show improvement.

Kerry Killinger, former head of the failed Washington Mutual, appeared before Congress the other day and "accept(ed) responsibility for our performance and (was) deeply saddened by what happened." And then blamed everyone and everything under the sun for the largest bank failure ever.

While the level of rhetoric gets high in any corporate battle, it has moved well past that in this fight, with high profile employees being wooed away and gamer loyalties being put to the test. Ultimately, though, it's shareholders that, for better or worse, could be caught in the middle.

This morning, at a splashy event at the trendy Mighty Club in San Francisco, Microsoft took the wraps off its new "Kin" smart phone, a device designed from the bottom up with social networking in mind, and in partnership with Sharp Electronics, Verizon and Vodaphone.

Twitter made it easy for programmers outside the company to build 70,000 applications that made the microblogging service more usable. Without them, people would not be able to post a photo, shorten a URL, monitor several Twitter accounts at once, easily use the service from a cellphone or search for people to follow.